Question
A 13% bond trades to yield 4% and matures in exactly 2 years. Please, find the bond's market value. Express your answer as a percentage
A 13% bond trades to yield 4% and matures in exactly 2 years. Please, find the bond's market value. Express your answer as a percentage with 3 digits after the decimal point, but do not include the % sign.
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
